Invesco Ltd. increased its position in Community Bank System, Inc. (NYSE:CBU - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 188,507 shares of the bank's stock after purchasing an additional 8,218 shares during the quarter. Invesco Ltd. owned approximately 0.36% of Community Bank System worth $11,627,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in shares of Community Bank System by 99.2% in the 4th quarter. Versant Capital Management Inc now owns 478 shares of the bank's stock valued at $29,000 after purchasing an additional 238 shares during the period. US Bancorp DE lifted its stake in shares of Community Bank System by 17.1% in the 4th quarter. US Bancorp DE now owns 1,081 shares of the bank's stock valued at $67,000 after purchasing an additional 158 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Community Bank System by 140.1% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,203 shares of the bank's stock valued at $74,000 after purchasing an additional 702 shares during the period. Principal Securities Inc. lifted its stake in shares of Community Bank System by 13.7% in the 4th quarter. Principal Securities Inc. now owns 1,774 shares of the bank's stock valued at $109,000 after purchasing an additional 214 shares during the period. Finally, Assetmark Inc. purchased a new position in shares of Community Bank System in the 4th quarter valued at approximately $127,000. Hedge funds and other institutional investors own 73.79% of the company's stock.
Analysts Set New Price Targets
Separately, Keefe, Bruyette & Woods boosted their target price on Community Bank System from $74.00 to $76.00 and gave the stock a "market perform" rating in a report on Wednesday, January 22nd.
View Our Latest Stock Analysis on Community Bank System
Community Bank System Stock Up 0.4 %
Community Bank System stock traded up $0.20 during mid-day trading on Monday, hitting $55.43. The company had a trading volume of 203,835 shares, compared to its average volume of 259,486. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.42. The stock's 50 day moving average price is $56.80 and its two-hundred day moving average price is $61.93. Community Bank System, Inc. has a 12 month low of $42.16 and a 12 month high of $73.39. The company has a market capitalization of $2.93 billion, a PE ratio of 16.11 and a beta of 0.74.
Community Bank System Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Friday, June 13th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.32%. The ex-dividend date of this dividend is Friday, June 13th. Community Bank System's dividend payout ratio (DPR) is 53.49%.
Community Bank System Profile
(
Free Report)
Community Bank System, Inc operates as the bank holding company for Community Bank, N.A. that provides various banking and other financial services to retail, commercial, institutional, and municipal customers. It operates through three segments: Banking, Employee Benefit Services, and All Other. The company offers various deposits products, such as interest and noninterest -bearing checking, savings, and money market deposit accounts, as well as time deposits.
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